Florida’s Chief Financial Officer Jimmy Patronis announced Tuesday that the state has purchased an additional $50 million in bonds to assist Israel as it continues to wage war against Hamas in Gaza.
In a news release, Patronis encouraged his counterparts across the country to do likewise “to stand with Israel.”
“Florida shares a unique bond with Israel, who serves as both our strongest ally and greatest advocate for peace in the Middle East. Florida and Israel already have deep economic and personal ties, but today we are increasing those ties again by purchasing an additional $50 million in Israel bonds by the State Treasury,” said Patronis.
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“This brings Florida’s current total investment in Israel bonds to $250 million. Israel bonds have proven to be of great value to our state’s investment portfolio, offering consistent and positive returns for Floridians. I am encouraging all state treasurers and CFOs across the country to do their part as well and invest in Israel bonds. Florida continues to stand with Israel, and as long as I’m in Tallahassee, I will continue to stand for Israel and fight against hate and intolerance when it rears its ugly head, concluded Patronis.
“Thank you to CFO Patronis and the State of Florida for your continued investment in Israel and the ongoing commitment to Jewish Floridians across the state. Investing in Israel is not only the right thing to do, but it has proven as an extremely sound investment throughout the years, and I have no doubt it will continue to do so. We’re grateful that Florida recognizes this, especially since it serves as a home to so many Jews and Israeli citizens around the world. In purchasing these bonds, Florida has taken a stand against hate, antisemitism and has demonstrated it is a true friend of the Jewish people,” said Israel Bonds Executive Director Mark Ruben.
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Florida, which also made purchases in October, increased its holdings of Israel bonds to $250 million.
Over the last 72 years, Development Corporation for Israel/Israel Bonds and its affiliates have generated more than $51 billion worldwide in financial support for the building and development of every sector of Israel’s economy.
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